Economics Answers

Based on your knowledge of the flexible accelerator model of investment, suppose you have information on initial capital stock in year 2009 to be Ȼ10,000, and that desired capital stock is Ȼ80,000. If the factor by which firms plan to close the gap between desired capital stock and actual capital stock is 0.15, how many years will take for the firms to meet the desired capital stock?

Given
C= 60+0.75(1-0.2)y
Ī=280
G= 310
X= 250
Z= 150+0.25Y
A) calculate the equilibrium level of income in this open economy.
B) If the economy were closed(3 sector model), what would the value of the multiplier be?
C) if the current equilibrium level of income and spending is equal to 1615 million, what does the current tax income if the government? What type of government budget does the country have?
D) draw a graph for the tax function of the country. Describe the tax system in the economy. Show the slope of the graph.

The introduction of ATMs, credit cards and e-wallets have reduced the demand for money at any given level of income and interest rate. Using AS-AD and IS-LM framework:
a) Show how this evolution in the money market has impacted the output, prices and interest rate in the economy in the short-run. Illustrate using a diagram.

1. Given the demand function as;

and the supply function as;

Also the Marginal cost is given by and the fixed cost is 55
a) If the firm decides to maximise total revenue, fine the consumer’ surplus
b) If the firm decides to maximise profit, fine the consumer’ surplus
c) Find the producers’ surplus at the market equilibrium

Discuss the impact of COVID-19 on PNG Business

Do you think that the PNG economy should aim to grow more quickly? Justify your answer.

All governments will have various macroeconomic objectives and will intervene in the economy to try to achieve these: For example, the government may want to achieve: Full employment, economic growth, stable prices and an appropriate level of export spending relative to imports. To what extent do you think as a business manager the government of PNG is successful at managing the economy at the moment on the basis of the above objectives?

Covid-19 pandemic has significantly reduced international trade of all the countries in the world.
a). Discuss the pros and cons of the above statement for a major importing country like Ghana.
b). Proffer solutions to the problems you have suggested in part (a).

What policies do managers in the organization have in place to help assist with the management of a diverse internal labor force?

suppose the production function of a firm is q = f(l, k) = al k , where α + β < 1. what property does the cost function of the firm exhibit? ___